marital property

Are Workers’ Compensation or Personal Injury Settlements Considered Marital Property?

It is not uncommon for someone to experience an injury, whether at work or elsewhere, that eventually culminates in a settlement.  In this case, the injured party may receive either periodic payments under a payment schedule or a single lump-sum payment. When a recipient of settlement funds is seeking a ...

2022-02-17T10:35:34-06:00January 18, 2022|Categories: Divorce, Personal Injury, Workers Comp|Tags: |

How are Family Heirlooms Divided in a Divorce?

The division of family heirlooms in a divorce proceeding largely depends on whether the heirloom is considered marital property or non-marital property.  In Minnesota, non-marital property is property that one party either; (1) acquired before the marriage; (2) acquired during the marriage by gift, bequest, devise, or inheritance from a ...

2020-10-28T14:51:07-05:00March 1, 2013|Categories: Divorce, Family Law Blog, Property Division|Tags: , , , |

The Difference Between Marital and Non-Marital Property

Marital property is any property that is acquired during the marriage. If during your marriage you and your spouse purchase a home, then this home is considered “marital property.” If during the marriage, you start a new job and receive a retirement account through your position, the retirement account is considered ...

Is a Personal Injury Settlement in Minnesota Marital or Non-Marital Property?

In a divorce proceeding, a personal injury settlement can represent a large amount of money that will have to be divided between the parties. Usually, this type of settlement occurs in Personal Injury or Workers Compensation cases. In Minnesota, a personal injury survivor can recover for a variety of losses including: past and future ...